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We are a venture capital firm focused on Brazilian startups. We back entrepreneurs seeking to transform the country through technology, partnering with founders at the first venture capital round (seed or Series A) and supporting them throughout their growth.
There is a meaningful funding gap at the very early stages in Brazil. No investor is fully focused on it and entrepreneurs unduly suffer because of it. Filling this gap is the opportunity Canary is focused on. We believe the first round is the best time to start a long-term relationship with a founder, especially in a young startup ecosystem like Brazil.
We believe our ecosystem is at a tipping point. The quality of founding teams is already world-class and improving at an accelerating pace, the entrepreneurial mindset is permeating universities and younger generations and our nation’s top talent is founding companies rather than looking for traditional jobs.
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The Ultimate Guide to Venture Capital in Brazil 2020
Contxto — The private equity sector has been progressing rapidly in Brazil. With economic stability firmly established, dropping interest rates, and low country risk, the local market is already an attractive option for venture capital in Brazil. However, storm clouds gather ahead. Brazil was going through rough economic waters even before the Covid-crisis. We shan’t […]
Healthtech Alice offers something telemedicine platforms don’t
Contxto – Let’s face it: When it comes to healthcare, people tend to take a more reactive approach. We might not prioritize an annual checkup, embrace healthy eating habits or exercise… until we get sick. But there’s a startup that wants to change that and it’s taken the first big step. Last Tuesday (30), healthtech […]
Healthtech Conexa Saúde raises US$7.5 million with General Atlantic, eBricks and angels
Contxto – Telemedicine platforms aren’t just winning users. They’re also earning investments. Today (25), Brazilian healthtech Conexa Saúde announced its Series B for R$40 million (~US$7.5 million) through General Atlantic, e.Bricks Ventures, as well as angel investors Luiz Fraga and his son, Guilherme Fraga. On the startup’s social media, CEO Guilherme Weigert shared Conexa Saúde’s […]
11 startups in Uruguay to keep an eye on in 2020
Contxto – We know d-Local and PedidosYa are some of the most funded startups in Uruguay, but they’re not the only companies with real value in the country. I feel like Uruguayan startups are like hidden creatures, but once you spot them, you start discovering more and more. Therefore, I searched far and wide, meditated […]
Genial Care closes seed round to help kids with autism in Brazil
Contxto – For parents with a child diagnosed with autism, it can be difficult to know how to cope and provide them the right care. Honestly, even diagnosing the disorder has its own set of challenges. Which is why Brazilian healthtech Genial Care’s recent seed round through Canary Ventures is a welcome sight. The value […]
XP Investimentos acquires majority stake in fintech Fliper
Contxto – Open banking in Brazil has led XP Investimentos to review its growth strategy. And in light of the market opportunity it sees in its native country, it bought a majority stake in fintech Fliper. The value of the transaction remains undisclosed as of the announcement made last Monday (8). The only loose end […]
Proptech Hent raises US$1 million with Canary
Contxto – Proptech Hent closed an investment for R$5 million (around US$1 million) and made the announcement this week. Brazil’s low-tech and disjointed real estate market are what convinced lead investor Canary Ventures to move forward with the deal. That, and Hent’s co-Founders’ experience in startup-building. Hent plans to hire staff with these funds. Although, […]
Gupy raises US$6.8 million to make its AI platform HR’s best friend
Contxto – Brazilian HR startup Gupy raised R$40 million (around US$6.8 million) and made the announcement this week. Oria Capital dished out the funds which the startup will use to improve its artificial intelligence (AI) platform as well as launch new features for it. To that end, Gupy will be hiring an additional 30 team […]
Event-planning platform FestaLab is ready to party: it raised US$1.5 million
Contxto – Coronavirus (Covid-19) may be reducing the number of social gatherings. But party-planning platform FestaLab still has reasons to celebrate. The Brazilian startup recently raised R$7.5 million (US$1.5 million) in an investment round led by Canary, Big Bets, and Atlantico. And there were plenty of other well-known angel investors that joined the party. There’s […]
Clarke Energia super-charged with US$600,000 investment through Canary
Contxto – Brazilian startup Clarke Energia now has the energy or rather, investment to keep going. It recently raised R$3.2 million (around US$600,000) in a seed round led by Canary Ventures. Other investors include Fundação Estudar Alumni Partners (FEAP), an independent angel investment fund. The startup will use the funds to evaluate its product-market fit […]